Stock Market and Political Commentary

The Articles are Shouting Liar

Recently in a national speech to a Joint Session of Congress Obama said:

"But thanks to the bold and decisive action we have taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink."

But what do the articles say?

U.S. job seekers exceed openings by record ratio

Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.

Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed.

http://www.msnbc.msn.com/id/33041366/ns/business-the_new_york_times

The dead end kids

The unemployment rate for young Americans has exploded to 52.2 percent -- a post-World War II high, according to the Labor Dept. -- meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.

Labor Dept. statistics also show that the number of chronically unemployed -- those without a job for 27 weeks or more -- has also hit a post-WWII high.

http://www.nypost.com/p/news/business/the_dead_end_kids_AnwaWNOGqsXMuIlGONNX1K

Let's face it.  Joe Wilson told Obama "You Lie" one time, but articles about the economy are shouting "Obama is a Liar" day after day.

Even though he is making a total mess of the economy and foreign policy Obama is undeterred from trying to control everything else too.  This is because he thinks he is a King with unlimited power instead of a President who is restrained by the Constitution.  So far it looks like he is right about this which gives him the one thing that he is right about so far.

Obama would curtail summer vacation

WASHINGTON – Students beware: The summer vacation you just enjoyed could be sharply curtailed if President Barack Obama gets his way.

http://news.yahoo.com/s/ap/20090927/ap_on_re_us/us_more_school

J. Cogburn

Lower and Middle Class Suckers

Hey, all you lower and middle class suckers out there...... hear this.

You Obama supporters bought the lie about how only the "rich" were going to pay for everything while you got a free ride, didn't you?

Well if the health care bill comes through as the democrats want it you are going to be forced to pay hefty premiums for health care insurance whether you like it or not.

And if Cap and Trade gets passed, which the democrats are also pushing, look for your utility bills to double in the next few years from extra taxes alone, not even counting inflation.  

I guess the old saying, "There's a sucker born every minute", is true for at least 52% of the US population.

....a fundamental conclusion is becoming evident: The Obama plan is a giant tax increase for much of the American people (not just the rich).

Having spent the entire campaign speaking about “affordable” coverage, it turns out the program is not at all affordable, but a massive new tax on the average uninsured American.

http://thehill.com/opinion/columnists/dick-morris/59853-obamacare-taxes-for-everyone

J. Cogburn

Basketball or American Lives?

What does Obama believe is more important, a pickup game of basketball or our soldiers lives?

Well his actions tell us the answer.  Earlier this year he fired the commanding General in Afghanistan and replaced him with a General of his choice.

Almost a month ago the General provided his assessment; we need at least 40,000 more troops or we will lose this war.  In the meantime, it is a documented fact that these new Obama Rules of Engagement in Afghanistan are getting soldiers unnecessarily killed.  You see, things like giving Miranda Rights to the enemy on the battlefield is not a sane idea... it is idiotic and gets people killed.

Since "Commander in Chief" is actually the most important part of the President's duty you would guess that he has been meeting day and night with the top military Commanders and key congressional leaders to make a decision on this, correct?

No Obama has continued flying around the country day after day reading from the TelePrompTer on health care, an area that the Constitution in no way involves the President of the United States.

He gets on Letterman a month after the General provides his report and says "We need a strategy for Afghanistan".  Say what?  Well why do you not have a strategy?  And if you don't have one, why are you not working day and night to get one?  

This afternoon when he had some spare time between his laughable speech on global warming and his dangerous speeches coming this week to weaken our national defense was he meeting with the military brass on Afghanistan?  No.

Well what was he doing?  Playing basketball!  This guy could care less about the troops and he has shown it on multiple occasions.  This one is the most striking and serious.  Impeachment proceedings should begin tomorrow!!

"A refusal by President Obama to heed an urgent call for more troops in Afghanistan has opened an increasingly bitter divide between the American military and the White House and exposed confusion in US strategy."

"Senior military officials expressed their alarm over Mr Obama’s decision to spend weeks, and maybe months, considering the opinion of General Stanley McChrystal, the US commander in Afghanistan, who said last week that the war was likely to be lost without a rapid surge of additional troops."

http://www.timesonline.co.uk/tol/news/world/Afghanistan/article6845147.ece

J. Cogburn

Debtors Revolt - Interesting Video

This lady is revolting against Bank of America and I'm cheering her on!

Even though I am a big believer in the free market, I also believe in a few common sense rules to govern our society too.  

I do not believe financial institutions in America should be able to charge more than 15% interest on anything at anytime.  If they can't make the loan for that then don't make the loan. If they can't issue a credit card for that then don't issue the credit card. The average person would be better off not getting a loan than getting one with a very high interest rate....guaranteed.

And what has this lady upset is something I've said long ago is simply immoral in my opinion.  Even though she has paid her credit card bill on time for years they suddenly decided to jack up her interest rate to 30%.  I don't care if they put it in the fine print; it should not be allowed!  

This is something that some of the democrats have been more interested in than Republicans, but that is OK with me.  I'm always interested in what is the right thing to do for our country and our citizens, not which party supports it.  But it just so happens that modern day democrats normally support things that take us further from the Constitution and Freedom so I oppose them most of the time.

Under the Constitution the Federal government actually has authority to be involved in Interstate Commerce.  They have abused this power terribly, and pretend that it gives them the right to regulate everything, but because of the nature of credit cards this I think would be a legitimate area for them to be involved in, especially if it was ensuring usury rates were not being charged to consumers.

See the Video

After you watch the video take a look at some background on how the credit card companies are sidestepping the usury laws at:

Article on Sidestepping Usury Laws

J. Cogburn

Credit Shrinks at Great Depression Rate

Last week in a national speech to a Joint Session of Congress Obama said:

"But thanks to the bold and decisive action we have taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink."

But this recent article says:

Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.

"There has been nothing like this in the USA since the 1930s," he said. "The rapid destruction of money balances is madness."

Who do you believe, the Airhead or the Article?

The Article

J. Cogburn

Bankruptcy Stats Not in Speech

Did you notice Obama forgot to mention the latest bankruptcy stats in his speech to a Joint Session of Congress this week?

What he did say was this:

"But thanks to the bold and decisive action we have taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink."

However, an article the next day says this:

Nationally, individual Chapter 11 bankruptcy filings jumped 73 percent in the second quarter from a year earlier, according to the National Bankruptcy Research Center, a research firm in Burlingame, Calif.

So far this year, more Chapter 11 non-business cases have been filed in Middle Tennessee than all of last year, according to the U.S. Bankruptcy Court of the Middle District of Tennessee. Thirty-nine personal Chapter 11 cases have been filed in 2009, compared with 11 by this time last year.

Somebody is a liar... is it Obama or the author of this article?

Bankruptcy Article

J. Cogburn

Spineless Republicans and Lying Democrats

I'm not sure who I like least.... spineless Republicans or Lying Democrats. That seems to be the only choice we have these days.

The young King began his speech with a fairy tale that goes like this:

"But thanks to the bold and decisive action we have taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink."

This is of course a lie as the unemployment rate just keeps marching higher, the federal deficit is through the roof, and the dollar is hitting new lows, dropping almost 15% since Obama took office.

Then he told lies about illegal immigrants and abortion services. Republicans introduced bills to ensure illegals could not get free health care and abortions would not be funded by this health care bill. But the democrats blocked these amendments.

Next Obama himself called those who dared to tell the truth about his plan liars while reading from his disgraceful TelePrompTer.

Joe Wilson couldn't take it anymore and shouted to the President "You Lie". Joe Wilson told the truth.

But the Republican leadership forced him to apologize. This is spineless and pathetic. Under normal circumstances it would not be appropriate to make such an outburst in a Joint Session of Congress. But these are not normal circumstances. It is a time when we have a man calling himself President who will stand in that chamber and tell lie after lie while calling those who read from the bill liars.

Wilson should have been backed 100% by his Republican colleagues. When asked by the media they should have used the occasion to list the lies Obama told during this angry speech.

You know who he is angry at? The American people. They are just a bunch of hayseed hicks you see, probably bitterly clinging to guns and God. How dare they oppose his grand plans to rule their meaningless lives.

J. Cogburn

Foreclosures Top 300,000

Last night during a health care speech Obama said this:

"But thanks to the bold and decisive action we have taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink."

But once again reality rears its head and calls Obama a bold face liar.

Sept. 10 (Bloomberg) -- Foreclosure filings in the U.S. exceeded 300,000 for the sixth straight month as job losses that boosted the unemployment rate to a 26-year high left many homeowners unable to keep up with their mortgage payments.

Foreclosures Article

J. Cogburn

Even the Title is a Lie

All summer long our young King who knows what is best for all Americans has been pushing what is called the "Public Option" for his health care plan.  Sounds nice, doesn't it?

By the titile it sounds like they would simply offer a low cost insurance option for those who don't have health insurance coverage.  All citizens would be free to take it or leave it.

But of course nothing could be further from the truth.  The house bill H.R. 3200, which is over 1,000 pages, is what Obama wanted to become law before the August recess this year.

The "option" in that bill is as follows:

    a.  You will do as the King says or you will be pay a hefty fine.

    b.  You will buy health insurance or you will be penalized.

    c.  You will eventually be forced into the government insurance plan through the provisions in the bill that penalize employers and make you take the government insurance if you change your present insurance.

    d.  You will have the same option to take or leave this government insurance as you have now on whether your employer deducts Social Security from your paycheck.

    e.  The IRS will be used to make sure you do what Obama wants regarding your own personal health care.

And on and on it goes.  

Bottom Line:  When even the title of something is a lie you know those who are pushing whatever it is are liars.

J. Cogburn

An Arrogant Liar of Monumental Proportions

Let's face it; Obama is the most arrogant liar that has ever been anywhere near the

Oval Office....

and that is saying a lot.  And he was combative tonight as well thereby showing contempt for all the average citizens who have been protesting against his plans in the townhall meetings.

Let's take an example.  Right off the bat Obama said this:

"But thanks to the bold and decisive action we have taken since January, I can stand here with confidence and say that we have pulled this economy back from the brink."

The latest U-6 unemployment has recently hit a new high at 16.8%.  This alone tells you Obama is lying.

U-6 Unemployment

The dollar just hit another new low today and has lost close to 15% since Obama took office.

This also says Obama is a liar.

Dollar Article

Our debt has increased hundreds of billions of dollars in the few months Obama has been

in office. This says Obama is a liar...

the economy is in fact going up in flames while Obama tries to throw another log on the fire

with nationalized health care.

Then Obama gets back into fairy tale mode and tells us he can cover all these millions of extra people and yet it won't cost us any more money.  He says they can save hundreds of billions from running medicare more efficiently (LOL).

Hey Obama.... your plan sounds like a great idea.  Let's make the whole nation go onto a plan like medicare where you say the fraud and inefficiency is so rampant that taxpayers have been spending hundreds of billions extra each year to the point the country is rushing toward bankruptcy.

But you are going to wave your magic wand and correct all that, correct?  You are either a liar or a magician, and your name isn't Merlin.

The health care speech tonight was so bad that one lawmaker could not contain himself and called Obama a liar

during the joint session of Congress speech on national television.

He later apologized for the outburst.

See Video

Was this good manners and appropriate in that setting?  Probably not, but then maybe so

since Obama himself called people liars, who have told the truth about his plans, in the speech.

Was the lawmaker telling the truth when he said Obama is a liar?  Absolutely.

In short, we have a man in the White House who is an arrogant liar with a total disregard for the wishes of the American people.  Remember, he knows best for you and you will take it whether you like it or not.

As I said months ago they are going to ram this down our throat and the very slim chance of stopping it is if the democrats get into a food fight among themselves. But Obama will be putting maximum pressure on them to bow down and do what the King demands.  And remember, he wants it done yesterday.

J. Cogburn